So someone comes in and buys a couple of futures and we are off to the races. Yes, it is that absurd and that thin. It is why we have to buy the dips so that we can sell the runs.
While tech couldn't fight its way back, we were very impressed with the banks and the foods and drugs and our portfolio remains equally weighted between tech and boredom.
Boredom's got the edge though.
It is perplexing to wonder where everyone has gone. What happened to all of that money? Is it sitting in cash? Tell me:
Committing less to the market than last year?
Enticed by these higher cash returns?
Committing the same amount as ever?
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at